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Keywords: Energy crisis
Asia-Pacific governments have launched urgent fiscal programs, fuel subsidies and liquidity injections to steady markets rocked by the Middle East war. The conflict pitting the United States and Israel against Iran disrupts energy supplies and undermines economic confidence across the region. A Reuters......
The French government is set to unveil targeted financial support measures on Friday evening to help industries most affected by rising fuel prices linked to tensions in the Middle East. Officials indicated that the aid will focus on specific sectors such as transportation, agriculture, and fishing,......
Cuban officials have reportedly turned to the Vatican for assistance in persuading the U.S. administration to relax its oil embargo, according to the Washington Post. Senior-level discussions involved Vatican representatives, including Pope Leo. Reuters could not independently confirm the report. Requests......
Japan is preparing to temporarily relax restrictions on coal-fired power plants as it seeks to manage the impact of the ongoing global energy crisis linked to tensions in the Middle East. Government officials confirmed that the plan involves adjusting existing environmental rules that were originally......
Fuel prices in Vietnam have dropped sharply following a government decision to temporarily suspend an environmental tax, in a move aimed at easing the impact of the ongoing global energy crisis. Authorities announced that the tax on gasoline, diesel, and aviation fuel would be reduced to zero for a......
The U.S. dollar traded near 99.6 on Thursday. Ongoing war between the United States and Iran drives investors to safe-haven assets. The dollar index rose early in the session amid uncertainty over the conflict and the Strait of Hormuz closure. Iranian forces declared the waterway shut on March 4, disrupting......
Tuk-tuk drivers in Mogadishu, Somalia, are struggling to keep their vehicles on the road as fuel prices skyrocket due to disruptions linked to the ongoing Iran conflict. Rising costs have forced many drivers to park their three-wheelers, while passengers have reduced trips or walked instead. The conflict......
Nearly one month after US and Israeli strikes hit Iran on February 28, the effective Strait of Hormuz closure triggered Asia's worst energy crisis in decades. Regional governments rolled out fuel rationing, cut workweeks, and scrambled for alternative supplies. Asia depends on over 80% of the oil......
The closure of the Strait of Hormuz has escalated into one of the most severe energy crises in decades, cutting off around 20 percent of global oil supply and sending shockwaves through food and industrial supply chains. As the conflict between the United States and Iran enters its fourth week, the scale......